Congressional Hearings!

[Slipknot]

because that would make too much sense

[PaulS]

I saw that the 1 in 10 jobs in the US are dependant on the auto industry claim by the auto makers included taxi cab drivers as if the big 3 went under the cab drivers couldn't use toyota or Honda cars.

[justplugit]

Yup, lot of degrees here with no common sense to be seen anywhere.

Ya got Dodd, while head of the Senate Banking Comm., being part of the financial debacle running the show. Here is a guy who along with Frank and Cox telling us last spring our financials are sound , who got a sweetheart loan from Countrywide Bank saving him something like $75,000 and we can trust him.

It's like having the fox guarding the chicken coop.

Meantime ya got the auto industry asking for $24 billion with Moody's saying it would end up being more like $75-$125 billion before it's over.

While it kills me to see the hard working emploees lose their jobs in a bankruptcy, the top UAW leaders have killed the goose that laid the golden egg along with top management of these companies being completly inept.

Quandry, as biting the bullet now with bankruptcy and some kind of a merger would be best, imho, but it's going to cost big time for unemployment benefits too.

[BigFish]

As mentioned Dave...even WITH the bailout...GM plans on laying off 30,000 jobs to restructure! Thats WITH the bailout!

[Raven]

so far i haven't heard anything mentioned about what the car companies are going to do for the American People who are in actuality lending them the money.

[Nebe]

What no one is openly coming out and saying is that the car Co's WANT to go bakrupt so that they can give the heave ho to high Union wages and bennies..

It will happen.. watch.

[Fishpart]

Originally Posted by Nebe

What no one is openly coming out and saying is that the car Co's WANT to go bakrupt so that they can give the heave ho to high Union wages and bennies..

It will happen.. watch.

I agree, but Congress is PAID FOR by the Unions so....Congress will never allow it to happen even though it should be.

[Back Beach]

Originally Posted by Nebe

What no one is openly coming out and saying is that the car Co's WANT to go bakrupt so that they can give the heave ho to high Union wages and bennies..

It will happen.. watch.

Its the only way out, IMO.

[rwilhelm]

If they claim bankruptcy the union contracts will be void?

[justplugit]

Originally Posted by Raven

so far i haven't heard anything mentioned about what the car companies are going to do for the American People who are in actuality lending them the money.

There is no plan on what we can expect from a bailout, what the stipulations are, or how long before it's paid back, if ever.

Just postponing the inevitable. Imho, throwing good money after bad.

Like BF said, even with a bailout 30,000 more on the unemployment line.